IOTA Signals A Long-Term Trend Reversal

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In Brief
  • IOTA is facing resistance at 5,830 and 10,100 satoshis.

  • The weekly RSI has formed considerable bullish divergence.

  • The price is correcting inside a short-term descending channel.

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The IOTA price has been consolidating near 2000 satoshis since August 2019. The price has been showing strong signs of a reversal, indicating that a bullish trend may soon begin. Weekly Analysis The weekly chart for IOTA reveals that the price has been decreasing since September 2018. While the decline was initially rapid, it has since gradually decreased. The price reached a low near
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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